Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back ...

KYIV, Ukraine — (AP) — Ukrainian long-range drones struck one of Russia's biggest oil refineries for the second time in three days, a senior Kyiv official said Monday, as Ukraine tries to slow the ...

NEW DELHI, Jan 28 (Reuters) - Indian Oil Corp (IOC.NS), opens new tab, the country's top refiner, is facing a potential drop in its Russian oil imports this fiscal year ending March 31 ...

Public-sector undertaking Indian Oil Corporation on Monday reported 76.57 per cent drop in its consolidated net profit at Rs 2,115 crore for the third quarter (Q3) of the financial year 2024-25 (FY25) ...

However, the country’s largest oil marketing company (OMC) may take a hit over losses in marketing of liquefied petroleum gas (LPG) during the December quarter. IoCL is scheduled to report its ...

Some Colombian products are much more exposed than others. Crude oil is by far the United States’ most valuable Colombian import, accounting for $5.4 billion of the $16 billion worth of products ...

Fighting around Sudan‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black smoke over the country’s ...

ConocoPhillips has a very low cost of supply. The oil company can produce a lot of cash when crude oil is in the $70s. It increased its low-cost supplies by acquiring Marathon Oil. Oil prices have ...

Tax time is ahead, and Pennsylvania landowners with oil and gas rights can look forward to a new deduction. State Senate Bill 654, enacted last July, makes a depletion allowance available to more than ...

By Lisa Friedman Hiroko Tabuchi and Coral Davenport President Trump is stocking the Environmental Protection Agency with officials who have served as lawyers and lobbyists for the oil and chemical ...

The Department of Energy reported that an oil price rollback is expected next week following recent hikes. Filipino motorists can breathe a sigh of relief as fuel prices are set to decrease next week ...

If, for example, a landowner receives $10,000 in oil and gas royalties over a calendar year, he or she now can deduct $1,500 from their federal AND Pennsylvania tax returns.